... authorities arrested someone involved with silk road... Bitcoin took a dive for a day or so... then marched up ten fold
Totally different situation.
We are now in a 100% confirmed bear trend.
Back then Bitcoin had come out of a long grinding bear trend and was trending back up with China jumping on board getting madder and madder about Bitcoin. Silk Road may have freaked out many, but was seen as cheap coin central by many more. When/If we get back up to 800, who seriously is gonna view that price range as 'cheap'?